Investment Strategy

The Sub-fund aims to achieve (after deduction of costs):
—— an annualised return over five years that is 3.5% more than UK Base Rate
—— a positive return over three-year periods
—— annualised volatility of returns below 10%
The Sub-fund will gain exposure to a wide range of asset classes. The Sub-fund is actively managed and the investment manager has the discretion to invest in any country or economic sector.